Yen Retreats Against Majors
March 27 2017 - 2:08AM
RTTF2
The Japanese yen moved away from its early highs against its
major counterparts in the early European session on Monday.
The yen was trading at 119.90 against the euro, 112.08 against
the franc and 138.83 against the pound, from its early high of
119.54, 4-day high of 111.57 and a 5-day high of 138.05,
respectively.
The yen that rose to a 3-month high of 83.95 versus the aussie,
more than 4-month highs of 110.12 against the greenback, 82.56
against the loonie and 77.64 against the kiwi reversed direction
and was trading at 84.26, 110.32, 82.73 and 77.82,
respectively.
The next possible support for the yen is seen around 112.00
against the greenback, 140.00 against the pound, 113.00 against the
franc, 120.00 against the euro, 84.00 against the loonie, 79.00
against the kiwi and 85.00 against the aussie.
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